NAICS Code 339920-16 - Health Equipment & Supplies (Manufacturing)

Marketing Level - NAICS 8-Digit

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Total Companies

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NAICS Code 339920-16 Description (8-Digit)

The Health Equipment & Supplies Manufacturing industry involves the production of a wide range of medical equipment and supplies used in healthcare facilities, laboratories, and homes. This industry is responsible for manufacturing products that are essential for the diagnosis, treatment, and prevention of various medical conditions. The industry is highly regulated and requires strict adherence to quality standards to ensure the safety and efficacy of the products.

Hierarchy Navigation for NAICS Code 339920-16

Tools

Tools commonly used in the Health Equipment & Supplies (Manufacturing) industry for day-to-day tasks and operations.

  • Medical imaging equipment (e.g. X-ray machines, MRI machines, ultrasound machines)
  • Surgical instruments (e.g. scalpels, forceps, retractors)
  • Diagnostic equipment (e.g. blood glucose monitors, blood pressure monitors, thermometers)
  • Medical laboratory equipment (e.g. microscopes, centrifuges, pipettes)
  • Rehabilitation equipment (e.g. wheelchairs, crutches, walkers)
  • Respiratory equipment (e.g. oxygen concentrators, nebulizers, CPAP machines)
  • Infusion pumps (e.g. insulin pumps, chemotherapy pumps)
  • Sterilization equipment (e.g. autoclaves, sterilization trays)
  • Medical furniture (e.g. hospital beds, exam tables, chairs)
  • Medical waste disposal equipment (e.g. sharps containers, biohazard bags)

Industry Examples of Health Equipment & Supplies (Manufacturing)

Common products and services typical of NAICS Code 339920-16, illustrating the main business activities and contributions to the market.

  • Medical gloves
  • Surgical masks
  • Syringes
  • Catheters
  • Bandages
  • Wound dressings
  • Orthopedic braces
  • Hearing aids
  • Contact lenses
  • Dental implants

Certifications, Compliance and Licenses for NAICS Code 339920-16 - Health Equipment & Supplies (Manufacturing)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • ISO 13485: This certification is specific to medical device manufacturers and ensures that the company has a quality management system in place to ensure the safety and effectiveness of their products. It is provided by the International Organization for Standardization (ISO).
  • FDA Registration: This is required for all medical device manufacturers in the US and ensures that the company is compliant with FDA regulations. It is provided by the US Food and Drug Administration (FDA).
  • UL Certification: This certification ensures that the company's products meet safety standards and are safe for use. It is provided by Underwriters Laboratories (UL).
  • CE Marking: This certification is required for medical devices sold in the European Union and ensures that the product meets safety, health, and environmental protection standards. It is provided by the European Commission.
  • Good Manufacturing Practices (GMP): This certification ensures that the company's manufacturing processes are consistent and meet quality standards. It is provided by the US FDA.

History

A concise historical narrative of NAICS Code 339920-16 covering global milestones and recent developments within the United States.

  • The Health Equipment & Supplies (Manufacturing) industry has a long history dating back to ancient times when people used natural remedies and herbs to treat illnesses. In the 19th century, the industry began to develop with the invention of medical equipment such as the stethoscope and the thermometer. The industry continued to grow with the development of new technologies such as X-rays, MRI machines, and ultrasound equipment. In recent years, the industry has seen significant growth due to the increasing demand for home healthcare products, wearable medical devices, and telemedicine. In the United States, the industry has been shaped by the Affordable Care Act, which has increased access to healthcare and led to the development of new medical technologies.

Future Outlook for Health Equipment & Supplies (Manufacturing)

The anticipated future trajectory of the NAICS 339920-16 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The Health Equipment & Supplies (Manufacturing) industry in the USA is expected to grow in the coming years due to the increasing demand for health and fitness products. The aging population and the rise in chronic diseases are also driving the growth of the industry. The COVID-19 pandemic has further accelerated the demand for health equipment and supplies, such as personal protective equipment (PPE), home fitness equipment, and telemedicine devices. The industry is also expected to benefit from technological advancements, such as the development of wearable health devices and smart medical equipment. However, the industry may face challenges such as supply chain disruptions, rising raw material costs, and increasing competition from imports. Overall, the industry is expected to continue growing in the coming years, driven by the increasing focus on health and wellness among consumers.

Industry Innovations for NAICS Code 339920-16

Recent groundbreaking advancements and milestones in the Health Equipment & Supplies (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.

  • Smart Fitness Equipment: The development of smart fitness equipment, such as connected treadmills and stationary bikes, has revolutionized the fitness industry. These devices allow users to track their workouts, monitor their progress, and connect with other users and trainers. Companies such as Peloton and NordicTrack have seen significant growth in recent years due to the popularity of their smart fitness equipment.
  • Wearable Health Devices: The rise of wearable health devices, such as fitness trackers and smartwatches, has also had a significant impact on the health equipment industry. These devices allow users to monitor their health and fitness levels, track their sleep patterns, and receive notifications about their health. Companies such as Fitbit and Apple have been at the forefront of this trend.
  • Telemedicine Devices: The COVID-19 pandemic has accelerated the adoption of telemedicine devices, such as remote patient monitoring systems and video conferencing tools. These devices allow patients to receive medical care from the comfort of their own homes, reducing the need for in-person visits to healthcare facilities. Companies such as Teladoc and Doctor on Demand have seen significant growth in recent years due to the increased demand for telemedicine services.
  • 3D Printing: The use of 3D printing technology has revolutionized the manufacturing process for health equipment and supplies. This technology allows companies to produce customized products quickly and efficiently, reducing the need for large-scale production facilities. Companies such as Carbon and Formlabs have been at the forefront of this trend.
  • Artificial Intelligence: The use of artificial intelligence (AI) has also had a significant impact on the health equipment industry. AI-powered devices can analyze large amounts of data to provide personalized health recommendations and improve patient outcomes. Companies such as Babylon Health and Paige.AI have been using AI to develop innovative health products and services.

NAICS Code 339920-16 - Health Equipment & Supplies (Manufacturing)

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